This article examines Lisbon's post-crisis transition from a once dominant process of suburban expansion enabled by abundant credit to one of ongoing gentrification of its historic centre. In my research, I draw on quantitative and qualitative data to illustrate the remarkable growth of the metropolitan area's population and dwelling stock until the global financial crisis--which affected the Portuguese economy in the course of a process of financialization that relied heavily on the housing industry--and the intensity of urban rehabilitation in subsequent years. However, there is evidence that the latter has not halted nor reduced the loss of long-term residents in the historic centre, as tourists and other international gentrifiers occupy the upgraded dwelling stock amid an escalation of house prices and rents. The specific contribution of this research lies in the link that it establishes between Lisbon's ongoing process of inner-city gentrification and the lack of suburban expansion after 2007. By showing that the credit crunch triggered a shift in the geographic location of real-estate capital that materialized in a new urban development model, this research adds an empirical layer to the study of the spatial effects of the crisis and contributes to the literature on the subsequent restructuring of southern European housing markets.

This article explores the relationship between the spatial concentration of short-term rentals in Lisbon’s historic center and the phenomena of uneven development and tourism gentrification. By providing quantitative and qualitative evidence of the uneven geographic distribution of tourist apartments within the municipality of Lisbon, it contributes to the study of the new processes of neoliberal urbanization in the crisis-ridden countries of Southern Europe. It argues that the great share of whole-home rentals and the expansion of the short-term rental market over the housing stock are symptoms of the commodification of housing in the neoliberal city. Due to the loss of consumption capacity by the Portuguese society amid crisis and austerity, real estate developers target external markets and local households must compete for access to a limited housing stock with tourists and other temporary city users. The subsequent global rent gap stimulates the proliferation of vacation rentals at the expense of the supply of residential housing, fueling property prices and jeopardizing housing affordability. With Portugal being a peripheral member of the EU and the Eurozone, the vulnerability of local households to the impacts of tourism gentrification is aggravated by the remarkable income gap with their counterparts of the core.

This work deals with the ongoing commodification of Lisbon's historic centre under the pressure of mass tourism and transnational real estate investment. It applies a case-study research methodology combining the quantitative analysis of statistical data on relevant socioeconomic indicators with qualitative tools such as direct observation and structured interviews with key stakeholders. In the context of crisis and austerity, and taking into account the Portuguese financial dependency and peripherality within the Eurozone, this work argues that the rent gap triggering the current transformation of Lisbon's historic centre owes much to the global gap between purchasing powers on the internal and the external markets. With the former strangled by austerity policies that have impoverished the Portuguese society, the dramatic rise of housing prices in Lisbon's historic centre is a consequence of the expansion of demand on wealthier external markets, encouraged and guaranteed by an investor-friendly legal framework implemented in the context of the crisis. This policy set includes the new urban lease law, the non-regular resident tax regime, the Golden Visa programme, the special fiscal framework for the local accommodation business, and the tax breaks for real estate funds and refurbishment initiatives. Despite its undisputed success in bringing foreign investment and stimulating the rehabilitation of derelict properties in Lisbon's historic centre, this legal framework has triggered gentrification. Real estate prices are pushed above the financial capacity of most local households, and an enclave-type exploitation of the housing stock emerges in Lisbon's historic centre that jeopardizes the former's access to housing in that territory and in its immediate surroundings. However, grassroots movements and social initiatives advocating affordable housing and the right to the city have emerged in Lisbon.

La Eurorregión Galicia-Norte de Portugal cuenta con una importante riqueza patrimonial material e inmaterial de gran potencial como elemento de desarrollo territorial y atracción turística. Sin embargo, en muchos casos este patrimonio no es suficientemente conocido y/o valorado por las comunidades locales o los visitantes. Esta situación podría estar motivada por la ausencia de iniciativas que permitan un mayor conocimiento de su historia, características o ubicación. En este contexto surge el proyecto GEOARPAD como acción conjunta entre instituciones gallegas y portuguesas integrada en el programa INTERREG V-A España-Portugal 2014-2020. Su objetivo es potenciar la identificación, clasificación, protección y difusión del patrimonio en el ámbito eurorregional, implementando un sistema de información geoespacial que siga el modelo de una Infraestructura de Datos Especiales (IDE) y sea participativo, accesible e interoperable: el Sistema de Información Patrimonial de la Eurorregión Galicia-Norte de Portugal. Este artículo presenta los resultados obtenidos durante la fase inicial de desarrollo del Sistema. Por una parte, se describen los procesos metodológicos llevados a cabo para la armonización semántica y geográfica de la cartografía de Galicia y la región Norte de Portugal, que dan lugar a un mapa armonizado de la Eurorregión. Por otra parte, se muestra el resultado de la georreferenciación de los bienes patrimoniales gallegos y portugueses, lo cual constituye la base del Sistema de Información Patrimonial de la Eurorregión.

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